Games24x7 co-founder and co-CEO Trivikraman Thampy
Games24x7’s offerings, especially fantasy sports, are expected to drive the company’s growth in 2025 as the company bumps up investments in technology and artificial intelligence, said co-CEO and co-founder Trivikraman Thampy.
Over fifteen months after the Centre imposed a 28 percent goods and service tax (GST) on online gaming, Games24x7’s co-founder and co-CEO Trivikraman Thampy says that the company is better situated to navigate the new tax regime compared to the previous year.
His optimism comes on the back of stellar growth in Games24x7’s real-money gaming (RMG) offerings – particularly fantasy sports.
“We are definitely better positioned (compared to the previous year). The new regime has been tough, not just for us but for the industry as a whole. While we have had a good year in 2024, it has not been easy. But we have learnt a lot about how to operate our business in this very high tax regime, and are hopeful that 2025 will be a year of meaningful growth for us,” Thampy told Moneycontrol.
Founded in 2006 by Thampy and Bhavin Pandya, Games24x7 is one of three gaming unicorns – companies valued at over $1 billion – in the county, aside from Dream11 and Mobile Premier League (MPL). The company currently has a user base of over 120 million players.
This article was originally published on Moneycontrol. Read more on Moneycontrol.
